Quad Graphics, Inc (QUAD) vs Spire Global, Inc. (SPIR)

Quad Graphics, Inc and Spire Global, Inc. are both Specialty Business Services companies. Quad Graphics, Inc and Spire Global, Inc. are of similar size ($508.6M and $476.9M). Spire Global, Inc. has negative trailing earnings, so its P/E is not meaningful; Quad Graphics, Inc trades at 14.5×. Quad Graphics, Inc grew revenue faster over the last twelve months: −8.02% against −33.1%. Quad Graphics, Inc has the higher net margin (1.31% vs −145.2%) and the higher return on invested capital (11.6% vs −105.3%). Across the 18 metrics below, Quad Graphics, Inc leads on 12 and Spire Global, Inc. on 6.

Valuation

Metric QUAD SPIR Specialty Business Services median
P/E 14.51 n/m 23.86
P/S 0.19 7.42 1.06
P/B 3.63 3.21 2.37
Price to free cash flow 5.51 n/m 16.54
EV/EBITDA 5.03 n/m 11.51
EV/Sales 0.36 7.63 1.51
Earnings yield 6.89% (22.10%) 2.14%
Free cash flow yield 18.14% (21.53%) 1.55%

Profitability

Metric QUAD SPIR Specialty Business Services median
Gross margin 21.64% 37.74% 35.31%
Operating margin 4.05% (142.09%) 3.43%
Net margin 1.31% (145.22%) 1.67%
Free cash flow margin 3.45% (159.67%) 3.28%
Return on equity 29.48% (61.72%) 0.58%
Return on assets 2.56% (38.86%) 0.33%
Return on invested capital 11.61% (105.29%) 0.65%

Growth

Metric QUAD SPIR Specialty Business Services median
Revenue growth (TTM) (8.02%) (33.13%) 6.04%
EPS growth (last fiscal year) 150.47% 134.98% —
Revenue growth, 5-year CAGR (3.75%) 20.22% 7.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric QUAD SPIR Specialty Business Services median
Debt to equity 3.21 0.00 0.21
Current ratio 0.87 1.87 1.62
Net debt to EBITDA 1.73 1.02 1.16

Dividend

Metric QUAD SPIR Specialty Business Services median
Dividend yield — — 1.61%
Payout ratio 0.00 0.00 0.00

Size

Metric QUAD SPIR Specialty Business Services median
Market cap 476.88m 508.59m 879.14m

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